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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4553872 times)
Johnny Mnemonic
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November 03, 2017, 11:01:11 PM
Last edit: November 03, 2017, 11:18:33 PM by Johnny Mnemonic
 #36421

how does zencash compare to monero?

i know monero is a top coin but this one has been making some noises, not sure its the right kinda noises

anyone knows if zencash has real anon or if its just junk?

When evaluating new cryptocurrencies, always ask yourself:

Is it fairly distributed?
There should be no ICO, no insta-mine or pre-mine, no "allocated block rewards", and no proof-of-stake, ever. And let's not argue why PoS is a security nightmare. Those who support it usually have a lot to gain.

Any project that passes the above test is worth looking at, because the developer's incentives are usually more aligned with those of the users. Projects that fail the above test are not worth looking at, because the creators directly benefit from the deception of the users. Run away.

More useful follow-up questions to ask yourself:

Is development community funded via donations/volunteers, or paid for by organizations or high-profile individuals?
If it's not a grassroots/community project, then whoever is running it is almost certainly trying to make money. Run away.

Are the decision makers an exclusive group separate from the rest of the community, that dictate the direction of the project?
This is a red flag that the people in charge treat the project like a company (a profit machine), with you being the consumer (or sucker). Run away.

Questions to ask when evaluating privacy/anonymity claims:

Are private transactions optional?
If so, any privacy claims are bullshit. No excuses or arguments. Just run away.

Are addresses or balances visible on the blockchain?
If so, there's no actual privacy. Run away.

Is privacy secured via some new Whizbang PrivacySystemTM that you've never heard of?
Basically, if there isn't a whitepaper with actual math in it, run away.

-----

EDIT: The questions above are ordered by importance. There's no point assessing a coin's privacy if it isn't even fairly distributed.
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November 04, 2017, 01:50:25 AM
 #36422

And let's not argue why PoS is a security nightmare.

Whaaat? This is news to me. I would very much like to argue about this. It's true that peercoins model was deeply flawed. But NXT, at least conceptually, solved all of those problems (if it had been bootstrapped with a better distribution). At least I think it did, I wouldn't want to claim that I'm beyond reproach. Of course you said you didn't want to argue about it so the ball is in your court on that one. I certainly cant force you and I wont try.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Johnny Mnemonic
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November 04, 2017, 03:35:27 AM
Last edit: November 04, 2017, 04:24:46 AM by Johnny Mnemonic
 #36423

And let's not argue why PoS is a security nightmare.

Whaaat? This is news to me. I would very much like to argue about this.

I don't mind a debate. I was only trying to avoid sparking further off-topic discussion from my already off-topic post.

Even if proof of stake could work, I'd still question the incentives of anyone who insists on using it in their project. It's essentially a system where the rich become richer with zero risk or opportunity cost. Sounds productive. What a coincidence all the scams in the space are falling all over themselves to support it.

As far as the technical challenges with proof of stake, these papers are pretty enlightening:
https://download.wpsoftware.net/bitcoin/pos.pdf
http://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdf
Isaaq.Almaguer
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November 04, 2017, 08:40:28 AM
 #36424

a question from a newbie, what is the total network hashrate for Monero?? The two explorers are showing different numbers, is it 220MH/s or 140MH/s??

https://moneroblocks.info/
https://chainradar.com/xmr/blocks
chockmaddening
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November 04, 2017, 09:38:09 AM
 #36425

Which rights do your tokens provide its holders with?
Johnny Mnemonic
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November 04, 2017, 09:40:20 AM
 #36426

a question from a newbie, what is the total network hashrate for Monero?? The two explorers are showing different numbers, is it 220MH/s or 140MH/s??

https://moneroblocks.info/
https://chainradar.com/xmr/blocks


224 MH/s
Isaaq.Almaguer
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November 04, 2017, 09:48:25 AM
 #36427

a question from a newbie, what is the total network hashrate for Monero?? The two explorers are showing different numbers, is it 220MH/s or 140MH/s??

https://moneroblocks.info/
https://chainradar.com/xmr/blocks


224 MH/s

alright, thanks! Has there been a major decrease in the last couple of days? Because Electroneum blockchain went live and they're already at 150MH/s, so that makes Monero more profitable to mine unless Electroneum reaches a market cap of 900 million, which they're currently far from. (approx 250 million)
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November 04, 2017, 02:38:20 PM
 #36428

a question from a newbie, what is the total network hashrate for Monero?? The two explorers are showing different numbers, is it 220MH/s or 140MH/s??

https://moneroblocks.info/
https://chainradar.com/xmr/blocks


ChainRadar seems to be stuck.
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November 04, 2017, 03:48:06 PM
 #36429

And let's not argue why PoS is a security nightmare.

Whaaat? This is news to me. I would very much like to argue about this.

I don't mind a debate. I was only trying to avoid sparking further off-topic discussion from my already off-topic post.

Even if proof of stake could work, I'd still question the incentives of anyone who insists on using it in their project. It's essentially a system where the rich become richer with zero risk or opportunity cost. Sounds productive. What a coincidence all the scams in the space are falling all over themselves to support it.

As far as the technical challenges with proof of stake, these papers are pretty enlightening:
https://download.wpsoftware.net/bitcoin/pos.pdf
http://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdf


And as the rich get richer its more vulnerable to a 51% attack. I seem to remember on the older iplementations of POS I also heard you only needed to have ever owned each of the 51% of the coins at some time to do a 51% attack


Bah Humbug
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November 04, 2017, 05:40:00 PM
 #36430

a question from a newbie, what is the total network hashrate for Monero?? The two explorers are showing different numbers, is it 220MH/s or 140MH/s??

https://moneroblocks.info/
https://chainradar.com/xmr/blocks


https://xmrchain.net

Дoбpo пoжaлoвaть в pyccкoязычнoe cooбщecтвo   Monero    (XMR): фopyм: XMR.RU | Telegram: @XMR_RU | YouTube: Monero Russian Community
    Уcлyги Гapaнтa  
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November 04, 2017, 10:32:31 PM
 #36431

Which rights do your tokens provide its holders with?

 The right to transact privately, as you choose.  Did you require more?

Trolls getting thick on the ground again... building pressure...
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November 04, 2017, 11:09:20 PM
Last edit: November 04, 2017, 11:51:16 PM by revelacaogr
 #36432

The multisig branch just lost its DO NOT MERGE tag.

https://www.reddit.com/r/Monero/comments/7ajdaj/the_multisig_branch_just_lost_its_do_not_merge_tag/dpaudci/


New look for Monerujo (XMR) wallet! Plus brand new website

https://www.xmrujo.com/






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November 04, 2017, 11:26:01 PM
 #36433

Will try to mine monero. Hopefully it would be profitable.

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November 04, 2017, 11:51:13 PM
 #36434

Monerujo update!

https://www.xmrujo.com/



Дoбpo пoжaлoвaть в pyccкoязычнoe cooбщecтвo   Monero    (XMR): фopyм: XMR.RU | Telegram: @XMR_RU | YouTube: Monero Russian Community
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November 04, 2017, 11:55:01 PM
 #36435

i really can't believe how much the monero has reached in value. and of cource i do not have a good portofolio of XMR  Cry

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/iTEX/./INNOVATING TRADING EXCHANGE/.
/Whitepaper/ /Sign Up/ /Buy Token Now/


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November 05, 2017, 03:32:59 AM
 #36436

And let's not argue why PoS is a security nightmare.

Whaaat? This is news to me. I would very much like to argue about this.

I don't mind a debate. I was only trying to avoid sparking further off-topic discussion from my already off-topic post.

Even if proof of stake could work, I'd still question the incentives of anyone who insists on using it in their project. It's essentially a system where the rich become richer with zero risk or opportunity cost. Sounds productive. What a coincidence all the scams in the space are falling all over themselves to support it.

As far as the technical challenges with proof of stake, these papers are pretty enlightening:
https://download.wpsoftware.net/bitcoin/pos.pdf
http://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdf


Thanks for those I never had checked into POS security as like you said most POS coins are scams or not viable (as in NXT distribution).

Which rights do your tokens provide its holders with?

The right to financial freedom, why do you need more for your money?


Sweet once this ball started rolling it has to be the fasted goal yet, we might have to lose the tag soon on this one!


Quote
New look for Monerujo (XMR) wallet! Plus brand new website

https://www.xmrujo.com/

This looks really promising! Has the code been vetted?


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November 05, 2017, 03:41:55 AM
 #36437

XMR new development or partnership news?
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November 05, 2017, 03:49:39 AM
 #36438

Most traders don't have enough patience to wait, so success only belongs to a handful of confident, firm holders Grin
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November 05, 2017, 03:57:54 AM
 #36439

XMR new development or partnership news?

multisig and andriod wallet is news I guess.

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November 05, 2017, 04:20:28 AM
 #36440

This has a lot of potential but still needs to be better evaluated.

https://www.reddit.com/r/Monero/comments/7au6ry/bulletproofs_efficient_range_proofs_for/
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